EGA Reaches 50% Completion on UAE's Largest Aluminium Recycling Plant Ahead of Schedule
Emirates Global Aluminium (EGA) has announced that construction of the UAE's largest aluminium recycling plant has hit the halfway mark—42 days ahead of schedule.
Located next to EGA's Al Taweelah smelter, the 170,000-tonne-per-year facility will be the company's first dedicated recycling plant. Once operational, it will process both post- and pre-consumer scrap into premium low-carbon aluminium billets marketed under the name RevivAL . The project has already logged more than 1.2 million hours of work without a single Lost Time Incident.
The plant features the largest furnace in the UAE, capable of melting 17 tonnes of aluminium per hour, with full installation expected by June. EGA aims to begin producing hot metal in the first half of 2026.
Currently, most aluminium scrap generated in the UAE is exported and lost to the local economy. Once complete, EGA expects to become the country's largest aluminium scrap consumer, marking a significant shift toward domestic recycling and sustainability. 'Recycling is a key global growth opportunity for our industry and for EGA,'
said Abdulnasser bin Kalban, EGA's CEO. 'This facility is a major step forward in expanding our low-carbon metal portfolio for customers in the UAE and around the world.'
The announcement comes as global demand for recycled aluminium is projected to double by 2040. EGA is actively expanding its recycling footprint with recent acquisitions of Germany's Leichtmetall and U.S.-based Spectro Alloys.
EGA was also the first in the world to commercially produce aluminium using solar power, sold under the brand CelestiAL . The new facility further strengthens its commitment to low-carbon production and aligns with the UAE's industrial strategy, Make it in the Emirates .
News Source: Emirates News Agency
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 days ago
- Zawya
UAE hosts ‘Every Can Counts' global meeting in Dubai to highlight aluminium drink can recycling strategies
The event highlighted regional success stories and a shared vision for 100% drink can recycling worldwide. Dubai, United Arab Emirates — For the first time in the Middle East, Every Can Counts —an innovative programme that inspires people to recycle their drink cans wherever they are — brought its Global Managers Meeting to Dubai to highlight aluminium drink can recycling strategies. The international gathering welcomed representatives from 21 countries to share best practices, follow training and drive global aluminium drink can recycling rates. The four-day gathering featured workshops, strategic discussions, and field visits to local aluminium production and drink can manufacturing facilities. Delegates explored ways to expand Every Can Counts' presence in public spaces, festivals, sports events, schools, and workplaces. Emirates Global Aluminium (EGA), the UAE's largest industrial company outside the oil and gas sector, partnered with leading can-makers Crown and CANPACK to launch the Every Can Counts programme in the UAE on the occasion of COP28. The initiative aims to inspire consumers to sort and recycle aluminium cans, contributing to emissions reduction and resource preservation. ' The UAE is rapidly emerging as a hub for sustainability and circular economy initiatives,' said David Van Heuverswyn, Global Director of Every Can Counts. ' Hosting the country managers meeting in Dubai reflected our shared global responsibility to inspire behaviour change and boost recycling rates. I thank our partners—Emirates Global Aluminium, Crown, and CANPACK—for their commitment to a more sustainable world.' The UAE's ambitious national goals for waste reduction and net-zero emissions provided an ideal backdrop for the meeting. Local sustainability projects highlighted during the event illustrated how regional innovation can contribute to a broader global impact. A key focus of the discussions was the role of aluminium cans in supporting circular economy goals. Infinitely recyclable and lightweight, aluminium remains one of the most sustainable beverage packaging options. Around the world, aluminium is the most-recycled material, with around 75% of the aluminium ever produced still in use today. As part of its vision for every can, everywhere to be recycled back into a new can, Every Can Counts has aligned with the global aluminium industry's targets to achieve an 80% recycling rate for drink cans by 2030 and nearly 100% by 2050. This ambitious commitment brings together all participating countries, partners, and communities under a shared goal: to close the loop on aluminium and keep valuable materials in circulation. The Every Can Counts programme continues to raise public awareness and drive meaningful behavioural changes through locally adapted campaigns across Europe, Latin America, the USA and now, the Middle East—empowering consumers to take part in shaping a more sustainable future. About Every Can Counts (ECC) Established in 2009, the Every Can Counts initiative is the leading programme to promote drink can recycling across the globe. It aims to inspire, encourage and empower consumers to make a difference by recycling their drink cans wherever they are – at home, at the office or anywhere on the go, from parks, festivals, and sporting events to schools and universities. Today, the initiative is present in 18 European countries, Brazil, the U.A.E. and the U.S.A. For more information, please visit Every Can Counts.
Zawya
3 days ago
- Zawya
Qatar's QSE records five indirect acquisitions valued at $160.16mln in 2024
QSE-listed companies witnessed five indirect acquisitions valued at QR583mn during 2024 with a vast majority of them overseas, according to the official data. The Qatar Stock Exchange (QSE) listed companies witnessed five indirect acquisitions valued at QR583mn during 2024 with a vast majority of them overseas, according to the official data. 'During 2024, five acquisitions were completed worth QR583mn. Such transactions varied between indirect acquisitions inside and outside Qatar, and included many sectors such as industrials, transportation, banks and financial services,' the Qatar Financial Market Authority (QFMA) said in its latest annual report. Of the five acquisitions, three were indirect inside the country and valued at QR43mn (7% of the total) and were in the banks and financial services, industrials and transportation sectors; while the remaining 93% or QR540mn was for indirect acquisition overseas and in the banks and financial services/industrials sectors. The QFMA, through Securities Offering and Listing Affairs Department as the competent department, receives applications for companies' offering and listing, and applications for acquisition and merger, in cooperation with the 'One Single Window Committee'. It reviews the offering and listing prospectuses in addition to analysing the evaluation reports to verify the eligibility and worthiness of the companies applying for listing in the financial market and the requirements of acquisition and merger transactions, in a manner that ensures the transparency and disclosure required for investors to make their decisions properly. During 2024, the QFMA had received five applications for issuing shares, of which four are still under process; while a decision is pending on another exchange traded fund (ETF) as well as on one real estate investment trust. The QSE already has two ETFs, sponsored by AlRayan Bank and Doha Bank. During 2024, Al-Faleh Educational Holding Company moved from the venture market to the main market. All of the company's shares were listed with its capital of 240mn shares, bringing the number of companies listed on the main market to 52. The QFMA approved the listing of Qatar Electronic Systems Company (Techno Q) on the QSE's venture market. All of the company's shares, with a capital of 84.5mn shares, worth QR245.05mn, were listed directly without offering its shares for public subscription. This listing comes as part of QFMA's efforts to enhance diversity in the market and increase investment opportunities for investors. The listing of Techno-Q on the secondary market enables it to benefit from public funding and expand its investor base, in addition to enhancing transparency and financial disclosure in line with listing requirements. During 2024, as many as 55 government debt instruments were listed, as treasury bills and debt bonds, with a total nominal value of QR51bn. During 2024, the QFMA also issued as many as 56 ISINs: 37 treasury bills, 18 debt bonds and one newly listed company. ISIN or International Securities Identification Number is a 12-character alphanumeric code that uniquely identifies a specific security. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
7 days ago
- Zawya
Dubai's EIGHTClouds secures $20mln to support expansion
Dubai-based EIGHTClouds, a boutique alternative investment firm, has secured $20 million in fresh capital, as it plans to expand its business in the region, with a focus on the UAE, Saudi Arabia and other key markets. The funds were raised in just 11 months, ahead of the 24-month target, due to strong interest from investors. The proceeds are now being deployed across a series of strategic acquisitions, with several investments already completed and others in progress, the firm said. The company did not identify the investors in its latest fundraising. EIGHTClouds invests in various sectors across the region, and is now set to embark on a new series of sector-focused investment initiatives to further tap into the consumer sector, with initial focus on scalable F&B concepts, hospitality models and experience-led brands. (Writing by Cleofe Maceda; editing by Seban Scaria)
